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jimo79
Jan 9, 2018 2:10 AM

Bitcoin bearish? Doesn't look like it Long

Bitcoin / Tether USDPoloniex

Description

Bitcoin on the hourly chart indicates a bullish reversal rather than a drop to lower lows.
Comments
whoisthelorax
is that a left shoulder and head forming? i'd be worried around 15500 and it starting to round down...
jimo79
@whoisthelorax, yeah good call. I guess if it stays sideways for the next day or two and doesn't lift above the 100 day average or the previous resistance at 15500, then i'll be siding with you on this one!
jimo79
@whoisthelorax, once it broke the 14400 resistance band it confirmed the H&S break lower. I began selling my entire position and rebought back in at 12800. Hope you came out ok!!
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